Dearborn Partners LLC Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Dearborn Partners LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,098 shares of the company’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Stone Point Capital LLC purchased a new stake in Blue Owl Capital during the second quarter valued at about $112,749,000. Kinetic Partners Management LP purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth about $69,600,000. State of New Jersey Common Pension Fund A purchased a new stake in shares of Blue Owl Capital during the 2nd quarter worth about $63,115,000. Ceredex Value Advisors LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth approximately $32,387,000. Finally, Point72 Asset Management L.P. raised its holdings in Blue Owl Capital by 69.2% in the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after buying an additional 1,683,408 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $22.59 on Friday. The stock has a 50-day simple moving average of $20.88 and a 200 day simple moving average of $18.95. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $24.17. The company has a market capitalization of $33.06 billion, a price-to-earnings ratio of 132.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the prior year, the company posted $0.16 EPS. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analyst Ratings Changes

Several research firms have recently issued reports on OWL. Evercore ISI increased their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group boosted their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Piper Sandler upped their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, JMP Securities raised their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a report on Friday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.31.

Blue Owl Capital Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.